The trial balance ofBlue Spruce Corp.at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $17,700, Purchases $154,000, Sales Revenue $192,000, Freight-In $7,700, Sales Returns and Allowances $2,900, Freight-Out $1,000, and Purchase Returns and Allowances $4,700. The ending inventory is $20,000.

Prepare a cost of goods sold section for the year ending August 31, 2022 (periodic inventory).